All Forum Posts by: Sam Bromano

damn will be away then. Is there a mailing list or FB group to get notified of future ones?

I'm going to cash-out refi my only rental property since it's appreciated very high but the market here is starting to turn and will drop, I want to do it while rates low and when I can get maximum value. In fact, it appraised much higher than I figured during the refi.

My issue is.. now what? I'm not sure that I want to buy another physical property, though if something amazing came along its nice to know I'll be in a position to grab it, though my knowledge of the market is not great (I got lucky w/ the first). I'd be OK w/ 1 more, but not looking to go crazy BRRR. I've been considering crowdfunding, but I want something that provides the tax benefit and potential future sale.

Has anyone been in similar situations? What'd u do?

@Dave Fontana what platforms do you use for OOS?

@Kenneth Lowry where ?

@John K. Understood thanks I will look into that

@John K. Do you usually approach the tenants to make the offer? What % agree? From what I’m seeing their payment could be double fest they pay in rent..

@John K. Also I do have a mortgage still, owe $190k, but place worth ~500k

@John K. How does that typically get structured?

If I want to sell off my SFH rentals which may be more appropriate for actual home owners instead of investors (based on <5% cap rate) is trying to work with wholesalers still a good idea to avoid the high commission % or just list with retail?

I have a tenant in my SFH but am seriously considering selling it soon. He's about half way into a 1 year lease and a good renter. His lease is up Jan 1st, in the dead of winter

Do I list now with the tenant in it? I doubt he’ll

be open to showings..he may treat the place worse knowing he can’t stay...or he could want to buy it, but I doubt it...I don’t think an investor willl want it since the #s may not work..

Any advise from anyone who has gone through this ?